Magic Quadrant for Recurring Billing Applications
Vendors or products added in this year’s report may indicate a change in the market, change in evaluation criteria, or change of focus by the vendor.
Vendors or products dropped from one year to the next may indicate a change in the market, change in evaluation criteria, or change of focus by the vendor.
There are more than 250 vendors in the recurring billing applications market, and the vast majority did not meet the inclusion criteria for this Magic Quadrant. The majority of the 250 vendors in this market have less than $10 million in annual revenue. Gartner clients are seeking to procure cloud/SaaS software solutions. Therefore, this Magic Quadrant excludes on-premises products and hybrid cloud/on-premises products. Functional requirements for all industries are converging. Gartner expects vendors of cross-industry recurring billing solutions to dominate in the future. The recurring billing applications market was about $5 billion in 2024, with a little over $1 billion of that generated by the modern SaaS vendors included in this report.
A: We review and adjust our inclusion criteria for Magic Quadrants as markets change. As a result of these adjustments, the mix of vendors in any Magic Quadrant may change over time. A vendor's appearance in a Magic Quadrant one year and not the next does not necessarily indicate that we have changed our opinion of that vendor. It may be a reflection of a change in the market and, therefore, changed evaluation criteria, or of a change of focus by that vendor.